Source: International Business Times
The yen has come under pressure as the Bank of Japan refuses to further tighten monetary policy and expectations for Federal Reserve interest rate cuts fade AFP The yen slumped to a fresh 34-year low against the dollar on Monday, fuelling expectations Japanese authorities would step in to support their currency for the first time since late 2022. The dollar's strengthening comes as another forecast-topping US inflation report dented hopes for Federal Reserve interest rate cuts this year. The yen slipped to 160.
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